Acker Merrill & Condit Auction

The Acker Merrill & Condit Golden Cellar Auction was
held this past weekend in New York. Of the top 20
grossing lots, 15 were Burgundies. A total of more than
15.5 million dollars worth of wine was auctioned, the
second highest grossing wine auction ever.

The top lot was a Methuselah of 1999 Domaine de la
Romanee Conti Romanee Conti fetching $127,050. A
Methuselah holds 6 liters or 8 bottles of wine.

One could make a good argument for robbing a stock
portfolio and investing heavily in 2005 Burgundies from
top producers like Romanee Conti, Comte de Vogue, A.
Rousseau and so forth. The thirst for fine vintages of
Burgundy seems to spiral upward unabated and it is
easy to imagine healthy returns on such an investment
in the future. Sad to say, but great Burgundy today is
more likely to be traded like a stock than drank as a
heavenly beverage.